Is Mahaveer a reliable builder?
16 Bengaluru projects analysed from Karnataka RERA filings, quarterly updates and the K-RERA complaint register, as of September 11, 2026.
Mahaveer in one paragraph
Mahaveer has a weak delivery record in Karnataka RERA filings: 41% of registrations needed no extension (6 of 16 crawled Bengaluru registrations needed no extension). 14 of 14 under-construction projects are past their original RERA completion date, by 49 months on average (worst 105). The promoter entity carries 23 complaints at K-RERA across its projects. The median Mahaveer project scores 49/100 on investment merit (below the Bengaluru average); the best, Mahaveer Sitara, scores 62.
Delivery is judged on extensions filed, not on handover dates, because RERA records extensions reliably and handovers late. Extensions are common across Bengaluru; compare the rate with other developers below.
Projects past their original RERA date
| Project | Months overdue | Extensions | Built · booked | Complaints | Score |
|---|---|---|---|---|---|
| Mahaveer Tranquil Whitefield | 105 | 0 | 100% of schedule · — | 0 | 52 |
| Mahaveer Zephyr Phase II HSR Layout / BTM / Koramangala fringe | 100 | 0 | 100% of schedule · — | 2 | 57 |
| Mahaveer Horizon Whitefield | 93 | 0 | 100% of schedule · — | 16 | 58 |
| Mahaveer Ranches Phase I Electronic City / Hosur Road / Bommasandra | 93 | 0 | 100% of schedule · — | 5 | 42 |
| Mahaveer Cygnet Yelahanka / Jakkur / Airport corridor | 68 | 2 | 100% of schedule · — | 4 | 54 |
| Mahaveer Jasper Bannerghatta Road / JP Nagar / Arekere | 66 | 1 | 100% of schedule · — | 2 | 48 |
| Mahaveer Montane Bannerghatta Road / JP Nagar / Arekere | 36 | 1 | 100% of schedule · — | 0 | 52 |
| Mahaveer Grandis Bannerghatta Road / JP Nagar / Arekere | 22 | 1 | 100% of schedule · — | 0 | 49 |
| Mahaveer Hillstone Bannerghatta Road / JP Nagar / Arekere | 20 | 0 | 100% of schedule · — | 1 | 61 |
| Mahaveer Sitara Bannerghatta Road / JP Nagar / Arekere | 18 | 3 | 100% of schedule · — | 2 | 62 |
| Mahaveer Celesse Yelahanka / Jakkur / Airport corridor | 18 | 3 | 100% of schedule · — | 10 | 48 |
| Mahaveer Ranches Phase II Electronic City / Hosur Road / Bommasandra | 18 | 3 | 100% of schedule · — | 6 | 46 |
| Mahaveer Carnation Kanakapura Road / Talaghattapura / Banashankari 6th | 18 | 3 | 100% of schedule · — | 3 | 26 |
| Mahaveer Northscape Devanahalli / Airport Road / Bagalur | 12 | 2 | 100% of schedule · — | 2 | 26 |
Overdue is measured against the completion date in the original registration. Many are covered by extensions, which RERA grants for up to a year at a time.
Best-scored Mahaveer projects
All 16 analysed Mahaveer projects
| Project | Score | Growth / yr | Net-wealth CAGR | Cash-flow IRR | Price / sq ft | Price | Status |
|---|---|---|---|---|---|---|---|
| Mahaveer Sitara Mahaveer · Bannerghatta Road / JP Nagar / Arekere | 62 | 10.9% | 5.4% | 6.9% | ₹8,000 est. | ₹1.44 Cr | Under construction Mar 2025 |
| Mahaveer Hillstone Mahaveer · Bannerghatta Road / JP Nagar / Arekere | 61 | 12.1% | 7.4% | 10.5% | ₹4,400 est. | ₹52.8 L | Under construction Dec 2024 |
| Mahaveer Horizon Mahaveer · Whitefield | 58 | 10.7% | 6.3% | 9.0% | ₹5,050 est. | ₹86.1 L | Under construction Dec 2018 |
| Mahaveer Zephyr Phase II Mahaveer · HSR Layout / BTM / Koramangala fringe | 57 | 9.5% | 5.4% | 6.9% | ₹10,650 est. | ₹1.27 Cr | Under construction May 2018 |
| Mahaveer Cygnet Mahaveer · Yelahanka / Jakkur / Airport corridor | 54 | 11.3% | 7.3% | 9.0% | ₹7,700 est. | ₹77.8 L | Under construction Dec 2020 |
| Mahaveer Tranquil Mahaveer · Whitefield | 52 | 8.8% | 4.1% | 5.2% | ₹9,200 est. | ₹1.47 Cr | Under construction Dec 2017 |
| Mahaveer Montane Mahaveer · Bannerghatta Road / JP Nagar / Arekere | 52 | 9.5% | 4.7% | 5.9% | ₹8,000 est. | ₹82.8 L | Under construction Sep 2023 |
| Mahaveer Grandis Mahaveer · Bannerghatta Road / JP Nagar / Arekere | 49 | 9.5% | 4.6% | 5.8% | ₹8,000 est. | ₹94.8 L | Under construction Nov 2024 |
| Mahaveer Celesse Mahaveer · Yelahanka / Jakkur / Airport corridor | 48 | 11.3% | 7.4% | 9.1% | ₹7,700 est. | ₹73.9 L | Under construction Mar 2025 |
| Mahaveer Jasper Mahaveer · Bannerghatta Road / JP Nagar / Arekere | 48 | 9.5% | 4.9% | 6.1% | ₹8,000 est. | ₹71.2 L | Under construction Mar 2021 |
| Mahaveer Edenfield Mahaveer · Electronic City / Hosur Road / Bommasandra | 48 | 9.1% | 4.3% | 6.2% | ₹3,400 est. | ₹55.6 L | Ready |
| Mahaveer Ranches Phase II Mahaveer · Electronic City / Hosur Road / Bommasandra | 46 | 9.7% | 3.6% | 4.5% | ₹5,850 est. | ₹93.6 L | Under construction Mar 2025 |
| Mahaveer Ranches Phase I Mahaveer · Electronic City / Hosur Road / Bommasandra | 42 | 8.8% | 2.8% | 3.5% | ₹6,000 est. | ₹89.1 L | Under construction Dec 2018 |
| Mahaveer Palatium Annex Sy No 28-1 Mahaveer · Electronic City / Hosur Road / Bommasandra | 36 | 9.1% | 4.3% | 6.2% | ₹3,400 est. | ₹40.8 L | Ready |
| Mahaveer Northscape Mahaveer · Devanahalli / Airport Road / Bagalur | 26 | 9.9% | 4.6% | 5.7% | ₹6,100 est. | ₹59.5 L | Under construction Sep 2025 |
| Mahaveer Carnation Mahaveer · Kanakapura Road / Talaghattapura / Banashankari 6th | 26 | 8.0% | 2.6% | 3.3% | ₹7,050 est. | ₹88.1 L | Under construction Mar 2025 |
Where Mahaveer builds
Mahaveer compared with other developers
Questions people ask
Is Mahaveer a reliable builder?
Karnataka RERA filings as of September 11, 2026: 41% of registrations needed no extension; 14 of 14 under-construction projects are past their original completion date by 49 months on average; 20 extensions filed across 10 projects; 23 complaints on the promoter entity at K-RERA; 0 projects declare litigation. That is the public record; PropertyLens does not rate builders on opinion.
Which Mahaveer project is the best investment?
Mahaveer Sitara in Bannerghatta Road / JP Nagar / Arekere scores highest at 62/100 with projected growth 10.9% a year and cash-flow IRR 6.9%. The median Mahaveer project scores 49.
Is Mahaveer delaying possession?
14 under-construction Mahaveer projects are past their original RERA completion date: Mahaveer Tranquil (105 months), Mahaveer Zephyr Phase II (100 months), Mahaveer Horizon (93 months), Mahaveer Ranches Phase I (93 months), Mahaveer Cygnet (68 months) and others. Extensions filed with RERA are listed on each project page.
Where does Mahaveer build in Bengaluru?
Bannerghatta Road / JP Nagar / Arekere (5), Electronic City / Hosur Road / Bommasandra (4), Whitefield (2), Yelahanka / Jakkur / Airport corridor (2), HSR Layout / BTM / Koramangala fringe (1), Devanahalli / Airport Road / Bagalur (1), Kanakapura Road / Talaghattapura / Banashankari 6th (1). Median price ₹7,700 per sq ft across analysed projects.
Scores and projections are model outputs built from dated public evidence (Karnataka RERA filings, promoter quarterly updates, complaint registers, public ratings) and stated assumptions. They are research, not investment advice. How the numbers are built.